Some people don't bother to create estate plans. In failing to make these efforts, they ultimately leave their loved ones at the mercy of the Louisiana succession courts and state statutes. Those who do create estate plans are sometimes overly simplistic when doing...
All adults should have a comprehensive estate plan in place that accurately reflects their wishes. Trusts are one way for testators to pass along to their beneficiaries the assets they want them to have. If you’re creating an estate plan and are considering trusts,...
When beginning an estate plan, Louisiana residents have many decisions to make, such as naming people as heirs for their assets, creating trusts and the like. One of the most important decisions involves who to name as the executor of a will. In addition to asking...
All Louisiana residents can benefit from estate planning to leave assets to their loved ones. At the very least, it’s wise to create a will, a trust, and appoint someone as your power of attorney to prepare for the future. It’s also crucial to pay attention to your...
It's common for single Louisiana residents to skip out on estate planning until the last minute. Estate plans are typically created for the older generation to pass down their belongings to their children or grandchildren. But, as a single individual, you may not have...
Wills and trusts, the best-known parts of estate planning, mostly control what will happen to your assets after you pass away. That is a vital part of estate planning, but it's not the only thing you can do with it. A comprehensive estate plan can also give you...
If you've been thinking about having a comprehensive estate plan in Louisiana, one of the essential aspects is talking to your family about what you have in mind. However, that's not to say that having an estate planning conversation with your loved ones will be easy,...
Creating an estate plan may be an effective way to manage your affairs. However, it's just as important to review and update your plan on a regular basis after it is created. Otherwise, it's possible that assets such as a car or Louisiana home might revert to your...
It isn't uncommon for adults who live in Louisiana to have a will. The same may be true if they own property in the state that they want to pass down to future generations. For some people, this document will be enough on its own to meet their estate planning needs....
If you would like to hold assets outside of your Louisiana estate, it may be possible to do so with a revocable trust. As the name implies, a revocable trust can be altered at any point, and if necessary, you can completely terminate it for any reason. Let's take a...